Bitcoin locked in multisig by a custodian and an equivalent amount of Wrapped bitcoin is minted. It is tokenized. The effect is bitcoin taken off the market, until the contract is reversed.
But somehow this is a BAD, BAD, SUPER BAD thing for REAL BITCOINERS like you. Only idiots and plebs like me don’t care.
Yea only idiots don’t care.
Moron
Study harder.
I have studied enough to have more than 90% of my considerable fortune in pure bitcoin. I don’t care how other people get exposure to it, directly or indirectly. And without the indirect, layer 2, 3 or 4 ”solutions” that now are in place, bitcoin would not be the success that it now is.
Your moralizing attitude is just idiotic and contra productive and frankly I consider it to be a kind of ridiculous virtue signaling.
WBTC is not a layer on Bitcoin.
It uses bitcoin that is locked and taken off the market. In my world that is a form of layer of bitcoin, similar to Microstrategy which I suppose you also find repulsive, the REAL and PURE BITCOINER you are😅
I for one am happy that the world got a shitcoining bitcoiner as the head of the USA, not an antibitcoiner, CBDC-loving communist as president.
Because that would have been truly catastrophic for bitcoiners. And freedomlovers in general.
Perspective matters
You may not be interested in politics but, be sure, politics will always be interested in you
